At June 3, 2014, we had three fully-permitted operational P2O processors, one dedicated to Research & Development, two dedicated to fuel production. All three processors are located at our Niagara Falls, NY facility, and our fourth and fifth processors were in process of assembly offsite in Niagara Falls, NY for sale. For financial reporting purposes, we operate in two business segments, (i) our P2O solution, which sells the fuel produced through our processors (ii) data storage and recovery (the “Data Business”). As part of our P2O business segment, we recently began to offer for sale built-to-order P2O processors for use at a customer’s site, although no such sales have been completed to date.Our P2O processors have evolved into a modular solution with the completion of processor #3 in 2013. We use third party contract manufacturers for the manufacture of many of the key modular components of our processors, including the kilns and distillation towers as well as certain other key components that require specialized machining and fabrication. Currently, we have three fully-permitted operational P2O processors, which are capable of producing Naphtha, Fuel Oil No. 2 and Fuel Oil No. 6, all of which are fuels produced to the specifications published by ASTM. The fully-permitted P2O processor is dedicated to Research & Development activities. We have two additional processors in the process of assembly offsite. Our process does not generate any waste water. The fuel is Halide free and there is no further need for refinement. The process does not produce any hazardous waste. Our processors produce fuels that have very low sulphur content, which allows the end-user to potentially lower the emissions generated by its operations while using our fuels. These lower emissions potentially could save the end-user from expensive environmental compliance costs, stemming from such initiatives as the NESHAP regulations and more specifically the MACT standards for each pollution source. Once our processors resume operations and we continue to receive this product and turn our inventory, we expect these costs to decrease in the future periods. The consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries, JBI (Canada) Inc., JBI CDE Inc., JBI Re One Inc., and JBI Re #1 Inc., Plastic2Oil of NY #1, Plastic2Oil Marine Inc. and Plastic2Oil Land Inc. JBI currently, as of the date of this filing, operates two processors at its Niagara Falls, NY, facility (the “Niagara Falls Facility”).
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